At First Bank, we envision a future where our time, attention and charitable funding collectively help shape a more positive future for generations to come. First Bank is passionate about supporting educational options for all young people, but especially those from historically disadvantaged communities.
You might have heard of the term compound interest before and the benefits it can have on your finances. A compound interest account is any account that pays you interest on your principal and interest, not just your original deposit.
The Financial Crimes Enforcement Network has implemented a new regulation under the Corporate Transparency Act that requires certain businesses to file Beneficial Ownership Information by January 1, 2025. This mandate aims to enhance transparency and combat illicit activities, such as money laundering and fraud, by creating a federal database of beneficial owners.
The Federal Reserve's Federal Open Market Committee (FOMC) lowered the benchmark federal funds rate one-half percentage point. It was the first rate cut since the Fed raised the funds rate aggressively from March 2022 to July 2023. The long-awaited policy shift suggests that a soft landing — the rare feat of bringing down inflation without causing a recession — is in sight.
The article, “The Greatest Threat to Success and How to Avoid It,” written by Dr. Marshall Goldsmith, Ph.D., and originally published on marshallgoldsmith.com, discusses how one of the biggest threats to success can often be not admitting that everyone, even top Chief Executive Officers (CEOs), need help. The author assures readers that accepting help makes a significant, positive difference for all of us.
Great leaders are thought to possess great character. Take the quiz and rate yourself to determine what your strengths and weaknesses are in the six key elements of character. Also, see the authors’ recommendations to consider when building character.
The article, “Managing Change in a Rapidly Changing World,” written by Dr. Marshall Goldsmith, Ph.D., Exec. Coach and Educator, Award-Winning Author, Thinkers 50 Hall of Fame Member, and originally published on marshallgoldsmith.com, discusses the importance of managing change in today’s ever-evolving business climate.